How would you compare the accounting for enterprise funds with that of (a) businesses and (b) governmental funds? Summarize the reasons both for and against accounting for enterprises funds differently than governmental funds and include an example of an enterprise with regards to this.

10-A1 ROI and Economic Profit Calculations
Consider the following data (in thousands) :
(see the attached table)
1)For each division, compute the return on sales, the capital turnover, and the return on investment (ROI)
2)Which division is the best performer if evaluation is based on ROI? Explain.
3)Suppose each division

The MedView brochure said, "Only 45 scans per month to cover the monthly equipment rental of $18000." *The footnote at the bottom of the brochure read: *"Assumes a reimbursable fee of $475 per scan."
The MedView brochure refers to a new radiology imaging system that MedView rents for $18000 per month. A "scan" refers to one i

1. Describe two business sectors you might want to work in if you were an accountant and explain why in 150 to 200 words.
2. Research a specific company in one of the business sectors that interests you and describe how you imagine it might be to work there.

9-48
In early 20X1, United Communications, a U.S.-based international telephone communications company, purchased the controlling interest in Bucharest Telecom, Ltd. (BTL) in Romania. A key productivity measure monitored by United is the number of customer telephone lines per employee. Consider the following data for United:

8-A1
Burton Transportation Company's general manager reports quarterly to the company president on the firm's operating performance. The company uses a budget based on detailed expectations for the forthcoming quarter. The general manager has just received the condensed quarterly performance report shown in Exhibit 8-10.

Instructions
Decide upon an initiative you want to implement that would increase sales over the next five years, (for example, market another product, corporate expansion, and so on).
Using the sample financial statements, create pro forma statements of five year projections that are clear, concise, and easy to read. Be su

Question 9-B2:
The president of North Shore Railroad wants to obtain an overview of the company's operations, particularly with respect to comparing freight and passenger business. He has heard about "contribution" approaches to cost allocations that emphasize cost behavior patterns and contribution margins, contributions cont

What is the difference between using the percentage of sales and percentage of receivables method for calculating doubtful accounts? Is it appropriate to use a hybrid of the percentage of sales and the percentage of receivables methods of calculating? Do generally accepted accounting principles allow for using both methods at th

Olter, Inc. is starting its risk management program for the company and has asked for your help in determining critical risk measurements for the firm. The company has identified several factors in the market that they believe are critical for your tasks:
•The risk-free rate is 6%
•The required return on the average stoc

Olin Transmissions, Inc., has the following estimates for its new gear assembly project: price = $3,000 per unit; variable costs = $600 per unit; fixed costs = $1.8 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±20 percent. What values should the company use for

Using the 2012 annual report for NIKON:
1. Analyse the major areas of the report.
2. Discuss the key factors that determined the company's financial performance during the year.
3. Discuss what the primary assets held by the company are.
4. Demonstrate how management portrays the internal control environment of NIKON.

C3. On January 1, 2010, Mace Co. acquired 75% of Lance Co.'s outstanding common stock. On the same date, Lance acquired an 80% interest in Curle Co. Both of these investments were acquired when book value was equal to fair value of identifiable net assets acquired. Both of these investments were accounted using the initial value

See the attached file.
Objectives
To be able to compute the revenue and cost variances and interpret whether the variances signal favourable or unfavourable performance.
Mr Doctor is the brand name of a therapeutic pillow produced by the Streussles Company.
For 2013, the operating budget is based on an estimated sale

At a dinner party you hosted, a friend of yours who is a college accounting professor—upon hearing you had started your own business—told you to make sure to properly categorize product versus period costs and fixed versus variable costs. The friend did not have time to explain the difference or the importance of proper cate

Sapling, Inc. is a 95%-owned subsidiary of Fir Enterprises. Fir Enterprises sells Sapling an industrial wood chipper for $10,000 on January 1, 20x8. Fir Enterprises paid $17,000 for the wood chipper and the asset currently has a book value of $8,000. The asset has a remaining useful life of 4 years, with no salvage value.

Discuss the differences between temporary and permanent accounts. What will happen if the temporary accounts like revenue, expense and dividend accounts are not closed in the ledger? Should the permanent accounts like all asset, Stockholders' equity and liability accounts be closed as well?

Allison is the sole shareholder of Destiny Corporation, which operates a travel agency for business travelers. Allison would like the corporation to donate some used computers to a local private school dedicated to the education of young ladies. The private school is a tax-exempt organization that qualifies donors for the charit

Dorothy purchased a car in the current year to be used three-fourths of the time in her business and one-fourth of the time for personal purposes. The car cost $8,000 and is 5-year recovery property. No Sec. 179 expense deduction is taken. The car's basis for MACRS depreciation is
A. $1,600
B. $2,000
C. $6,000
D. $8,000

Page Enterprises has bonds on the market making annual payments, with eight years to maturity, and selling for $988. At this price, the bonds yield 7.90 percent.
What must the coupon rate be on the bonds? (Round your answer to 2 decimal places. (e.g., 32.16))

Marc Clay was unemployed for all of year 1. In January of year 2, Clay obtained full-time employment 60 miles away from the city where he had resided during the 10 years preceding year 2. Clay kept his new job for all of year 2. In January of year 2, Clay paid directly moving expenses of $3,000 in relocating to his new city of r

Mr. Knox wants to make contributions to an IRA (spousal IRA) for his wife. For Mr. Knox to be eligible to make such contributions, which of the following requirements must be met?
I. They must file a joint return for the tax year.
II. He must have compensation that must be included in his income for the tax year.
III. Sh

Which of the following expenditures incurred in the operation of a business is not required to be capitalized?
I. Cost of replacing an old shingle roof with a new tile roof
II. Cost of changing from one heating system to another
III. Cost of replacing small tools
A. I only
B. II only
C. III only
D. I and II only

Mr. T has been a night watchman at Y Company for 10 years. During the current year, he received the following payments from Y Company:
Salary: $15,000
Hospitalization insurance premiums: $3,600
Required lodging on Y's premises for Y's convenience as a condition to T's employment: $2,400
Reward for preventing a break-in

Gary and Gladys invest in bonds. In the current year, they received the following interest:
California general revenue bonds: $800
New York City sanitation fund bonds: $1,000
Seattle School District bonds: $400
AT&T 20-year bonds: $600
The state and local bonds are neither private activity bonds nor arbitrage bonds

This book focuses on risk and return on investments. It describes how one can measure the risk and return of investing in an asset. It describes the changes in risk and return depending on changes in different factors, such as interest rate, time, pr... READ MORE » ... READ MORE »